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Faisalabad’s embroidery factories shut as a financial crisis hits

About 700 factories closed in one year

SAMAA | - Posted: Sep 14, 2021 | Last Updated: 4 months ago
SAMAA |
Posted: Sep 14, 2021 | Last Updated: 4 months ago

Factories that produced embroidery for clothes are shutting down in Faisalabad. The owners are losing money and are selling the machinery to bear their expenses. When about 700 factories closed, 1,200 machines were sold at low prices. In addition to this, about 25,000 people were rendered jobless during the past year.

The factory owners say that the lockdown led to market closures and thus sales went down. Electricity price increases for small industries is another factor. One of the workers said that they move from one factory to another for employment but it has been difficult finding work.

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One Comment

  1. Abdul Kadir  September 15, 2021 10:43 pm/ Reply

    The World over government bail out the businesses in Pakistan specially I Karachi the current regime is only creating ground for corruption and the non karachities are in control through quota system and influence all the institution in Sindh are give target of bribery by the concern ministries and/appoint their favorable beurocrats.

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